Problem 807

A famous painting was sold in 1945 for 32.9 million. What rate of interest compounded continuously did this investment earn?   Solution:-   As an investment,  the painting earned an…

Problem 805

  A manufacturer of hospital supplies has a uniform annual demand for 500000 boxes of bandages. It costs 250 to set up the plant for production. How many times a…

Problem 804

A company manufactures and sells x television sets per month. The monthly cost and price-demand equations are C(x) = 72000 + 40x and p(x) = 300 – x/20 ,0≤x≤6000. A)   …

Problem 803

A deli sells 640 sandwiches per day at a price of 0.10 reduction in the price, 20 more sandwiches will be sold. How much should the deli charge in order…

Problem 801

  A  publishing company sells 900,000 copies of certain books each year. It costs the company 500 to set up the presses. How  many books should the company produce during…